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  • Wall Street's vision of a Goldilocks scenario for the stock market and economy is unraveling.
  • The Fed's "higher for longer" mantra has dashed hopes that a recession is avoidable.
  • The US economy is feeling the lagging effects of tight monetary policy as risk factors converge.

Wall Street's dream of a Goldilocks scenario for the stock market and economy is probably dead. 

At best, it's severely wounded. 

And all it took was a single press conference in September from Fed Chair Jerome Powell to dash hopes that had been building on Wall Street all year. 

What happened?

Interest rates soared. That's what happened.

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Markets, economy, mi-exclusive, Stocks, stock-market, stock-market-analysis, stock-market-outlook, Recession, next-recession, recession-outlook, us-recession-outlook, recession-outlook-2023, bond-yields, rising-bond-yields, Treasurys, treasury-yields, 10-year-treasury-yield, us-10-year-yield, 10-year-us-treasury
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Wall Street's dream scenario is dead